Home Shoppers Kicking the Tires, But Delaying Deals

Potential home buyers continue to look at properties for sale but are submitting far fewer offers, the latest sign that real estate activity has cooled from the white hot pace seen during spring and summer, according to a recent report by Redfin, and online real estate brokerage.

The number of offers by Redfin customers fell 11.8% in September from August — the biggest decline the brokerage has seen all year. In September 2012 — when the market was still in the early days of recovery — offers were up 4.5% during the same period.